Bullish Continuation for ChainLink
Hello dear readers,
Link has been one of the most bullish altcoins this year.
We have come down all the way from the 400% increase from May to July. Now Link is on the way up again.
From the swing low 0.00014 LINK has already increased 80%, Now we can play this out in two options.
#1. We buy into bullish price action right now with a tight stop and hope for the trend to continue.
#2. We wait untill we get a 30-40% retracement and enter for the next wave up.
As we broke above the previous local top resistance of 0.00024, My option will be number 1. But if I get stopped out, I will change the plan to option number two.
Entry: 0.000249
Target: 0.00031 (30%)
Stop: 0.00023 (5%)
Stoploss is a manual stop with a daily close
Enjoy and untill the next one.
Thumbs up if this was helpful.
Link has been one of the most bullish altcoins this year.
We have come down all the way from the 400% increase from May to July. Now Link is on the way up again.
From the swing low 0.00014 LINK has already increased 80%, Now we can play this out in two options.
#1. We buy into bullish price action right now with a tight stop and hope for the trend to continue.
#2. We wait untill we get a 30-40% retracement and enter for the next wave up.
As we broke above the previous local top resistance of 0.00024, My option will be number 1. But if I get stopped out, I will change the plan to option number two.
Entry: 0.000249
Target: 0.00031 (30%)
Stop: 0.00023 (5%)
Stoploss is a manual stop with a daily close
Enjoy and untill the next one.
Thumbs up if this was helpful.
Trade active
You can see as soon as we broke the 0.618 resistance we skyrocketed up. Trade is going quite well, nearly to the target. But I think we will break that resistance as well. Looking for a pullback to increase my position.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.